End of downtrend? Or just retest of 2D deathcross..

2 thg 4, 2020

Hello,

BTC had yesterday its "April Fools" pump day.

Now, BTC is in front very interesting resistances.

Looking at the Chart, there are 3 MAJOR resistances.

First Resistance at $6773 which is:
1. 0.5 Fibonacci level, which acted already a lot as a resistance

Second Resistance at $7200-7300 which is:
1. Target of potential Bullflag/pennant
2. Daily 50EMA
2. Weekly 10EMA
3. Monthly 21EMA

Third resistance at $7800 which is:
1. Target of the symmetrical triangle
2. Target of 2Day Deathcross (50EMA and 200EMA)
3. Potential "Bump & Run" resistance line
4. Weekly 21EMA and 50EMA
5. Monthly 10EMA

I doubt that BTC is going full into bullish mode during this corona & financial crisis.

After reaching those targets i want to see bullish divergences on the daily timeframe before im fully going into Bull-Mode.